Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Isn’t KYC anti-ethical to Bitcoin?
by
perfect999
on 11/12/2021, 12:02:21 UTC
⭐ Merited by o_e_l_e_o (4)
When i first heard about bitcoin, one of the selling points then was the pseudo anonymity. But as of recently, it is hard to purchase any crypto without encountering a form of KYC.
The truth is that a lot of people don’t even care about privacy these days. As long as it is easy for them, they’re just going to make use of that wallet or exchange. Someone have even asked me once why I’m worried about privacy, stating that the only people who has to worry about privacy are people who engage in illicit business. They’re forgetting that sometimes you also have to be careful and maintain your privacy online, not because you are doing anything bad, but because it is important to an extent.

Your identity can be stolen and used for whatever that you would least imagine. So that’s why it’s very good to maintain privacy. People who try to stay private are not doing so just because they’re doing something bad, some of them just need their Peace of Mind and nothing else.